Tokio Marine Insurance and Oddo BHF invested in Simplesurance as part of a round that took the total raised by the Allianz and Rakuten-backed insurance provider to $60m.
Protection policy provider Simplesurance has received $11.5m in funding from investors including insurance group Tokio Marine Insurance and financial services firm Oddo BHF, Institutional Asset Manager has reported.
Founded in 2012, Simplesurance markets insurance products to businesses and consumers through an online platform that integrates with the checkouts of online retailers, operating similarly to the way brick-and-mortar stores offer warranties on their products.
Simplesurance is currently available in 28 European countries, and Tokio Marine’s involvement will support a roll-out of the service…
